Docus4n En¥eloFe .. lO2DlA-BO8LH7.9S9mTI3C03¢Eo94 COMPANY REGISTRATION NUMBER: 04917066 CHARITY REGISTRATION NUMBER: 110430D The Arthur Rank Centre Company Limited by Guarantee Unaudited Financial Statements 31 December 2023
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Doatswjn Envelo ID." 90102D1A-B08CHB37.95944)773C03CEce4 The Arthur Rank Centre Company Limited by Guarantee Financial Slatements Year ended 31 December 2023 Page Trustees. annual port (incorporating the directorfs report) Independent examinerfs report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial ststements 11
DooJ5¥n En%low10". 90102D1A-BO6N837-95y-D773C03CEOb4 The Arthur Rank Centre Company Llmlted by Guarantee Trustees, Annual Report Ilncorporating the Dire¢lorf$ Report) Year ended 31 December 2023 The trustee5, are als0 the directors for the purpo5e5 of company law, present Iheir report and the unaudrted financial statements of Ihe ¢harity fof the year ended 31 December 2023. Referenc• and administrative details R•gist•r•d clwrity name The JthuT Rank Centre Charlty r•gsstration number 1104300 Company registration wmbor 04917066 Principal office and registered The View offieè 9 Barford Exchange Wellesboume Road Barford CV35 8Aa Th• trustses Revd Le51 Hann (Chair) Prof Dawd Pink (Vice Chair) Rt Revd Richard Jackson Re¥d Philip Wagslaff Ms Judrth James Revd Claire McArthur (to 01r231 Revd Dr Benjamin Ajdous Mr Georye Dunn Revd Or Richard Teal Chlèf Exècthlvè Officèr Revd Matt Jeffrey 8ankers CoLS & Co llo 08r23) 440 Strand. London VL2R OQS CAF Bank (from 09123) 25 Kings Hill Avenue, lfjngs Hfll l*Vest Marling. Kent IAE194TA Solicltors Wfj"ght Ha55all LLP
00¢sh3n Envelw ID.. 901W2D1A-Bo8r4837-9S9¢0773cQ3cEo84 The Arthur Rank Centre Company Llmlted by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (wil*v¢dJ Year ended 31 December 2023 Ind•p•nderrt ex•miner N J Cadwallader FCCA For and On Behalf of David Cadwallader & Co Limited Suite 3 Bfjnell Park Bam$ Chesterton Nr Bicester Oxon OX26 ITD Structure. govemance and management Constitution The Arthur Rank Cen1 fARC'I is a company Limitetj by guarantee and a registefed charity governed by rts memorandum and arteS of assoaation dated 27 Avgust 2010. In the event of the organisation being wound up each trustee agrees to contribjle £10 loward5 Ihe cost of aissolulion. The company 15 also registered with the Chanty Commission for EnglarKI and "Wales. Charity number 1104300. Company nurnber 04917066. The Arttcles set out the composition and tenure ofthe Board of Tru51ees. A change wa$ agreed to the Artides regarding appointment of Trustees. to lake into account independence from RASE and the Rank Foundatson. There is olso now a three-year temi of office. The day-to-day operab'ons and control of ARC actNibes are deated to the Chief Execvtive Officer. The Trustees and senior Staff of The ARC are listed on page 1.
O¢Kusign Envepe Kl". 90102D1A-BO8N837-9594m73C03CEce4 The Arthur Rank Centre Company Limited by Guarantee Trustees. Annual Report (Incory>orating the Directorfs Report) Year ended 31 December 2023 Objectives and activities The Arthur Rank Centre (the CompanylARCI was incorporated in 2003 as a company limited by guarantee and registeKed the Charity Comrni55ion {charty numbei 11043001. In 2010 the ARC was established as an independent char]ty. It5 goveming document is its Memorandum and Arb'cles of Association. The obj'ects for lch the Company is constited are as folkjws.. To advance religion by promoting religiou5 actM"tre$ and values amongst rural communils in such ways a$ the trustees may from b.me lo time detemiine and, but Vrthout limitatiL)n'. 1. To provide a focus and resource for the rk of the Christian ehurches in rural areas through the sharing of good practice. the prow%on of training and the encouragement of the Christian ministy.. 2. To lead the Christsan thur¢hes in wowkirwJ lo improve the qu*ty of lrfe of those living or working in rnral communities,. 3. Developing greater understanding belxeen uthn and rural comrrwrmties, through the linking of churches and other faith groups. Public B•nefrt The Trustees sIder that their obJ"ectives, activities and goals have a ¢lear public benefit in enhancing the economic, social and cuttural well-being of rural Commune$. In drafting these statements, the Trustees have complied with the Charibes Act 2011. to have due regard to the public benefft guidance published by the Charity Cornmission Risk Management Risk assessment reviews are considered by Ihe Trustees annualty. The reviv•ts identify and asses5 the major 5tralegi¢ bu5ine55 and operabonal risk5 to the charity is exposed and appropriate mitigating adion is taken where necessary. The maift nsk tscing the Charity ts a oduth.on in funding. The ARC team is constsntty looking for new partners and new funding streams to mibgate any reducts'ons in existing funding provisions. LiquKlity risk rnay arise vthere in5uIfiGient funds are available to meet day lo day need$. See FL)licy on Reserves detsiled below.
Doctss4n ETh%lope ID.. 90102D1A-BOJtk4B37.9594m73C03CEOB4 The Arthur Rank Centre Company Limited by Guarantee Trustees. Annual Report (Incorpordting the Directorfs Report) InpinoI) Year ended 31 December 2023 Key Activities and re$tru¢turing This report ouuines the key activities and finanaal challenges faced by the charity in 2023. It also des¢ribes the work lo re5trudure the ¢harb"es operab.ons to reduce costs in response lo these fifian¢ial hallenges. Planning was ¢arried out to strategically reposrtKn the organisation for future grovth. In additKJn lo the activities descnbed below, the chanly produced resources on seasonal rural fe5b.vals for use by Ghur¢hes and communtbe5. and surxessfvlly laurtthed County Way New5 a5 an online publicab"on, furthering the chanty's transrtn to digital platforms and outreach. January.. Recognising Bgetary Challenges At the Start of the year, the tharity recognised gffjnt budgetary chalenges that required immediate attention and adjustments. Meetings were held with Bishop Gavin Collins and Revd Canon Charles Chadwick, both trom the Oxford Diocese. lo explore potential collaborab.ve opportunitie5. AddrtKJnaNy. engagement with Chur¢he$ Together was pursued to strengthen nefvthing opportunth'es and broaden support. March.. Fundraising and Final Physical Edition of County Way In March. fundraising training ¥fdS conducted for all staff and selected trustees to enhance the Capacity for securing financial 5UPPOrt The final physical Gopies of County Way magazir We produced, signalling a tran51tion towards a digital ftjlure for this long-standing pubh"calN with a consequent redu¢li¢)n in ¢osts. April." Interrtational Engagemenl and FinanGial Restrucluring The CEO attended the International Ruial Churche5 Ass0¢0¢n conferenrE in Ifma and gave a presentation on the challenges and a$p"rations of rural churthes and faith-ba5ed organisations. including those of the Arthur Rank Centre: This was a significant opportunty lo represent the charity's work on the global stage. The CEO & trustees engaged in fvrther discussions on the charity's financial sustsinability. Deasions were taken to reduce operational costs induding a swtch to a remote finance team. lay.. Strategic Partnerships and Leadership training In May. the CEO l)ecame a trustee ol Farming Communrty Nelkbvrk (FCNI. lurthering collaboration wilh organisations that support rural communities. Meetings were also held wth the fomier steering group of the Germinate Leadership programme vthith had a hiatus due to Cod. The plan is to relaunch the programme in 2024_ Additsonalty. the RLnl Mission and Ministy Course ran in Northamptonshire. attended by 21 rurd Clergy and Lay leaders from a range of denomlnaty.L. June.. Trustee decision on Redundancies A ldaY tru51ee meeting took place. where the ongoing 5ignrficant finan¢ial ¢halkn9e5 exacert)ed by the svJnificant 105$ in Value of the charity's in¥e$tments were discussed in depth and possible responses. The main outcome was the agreed deusion by tnjstees for staff redundancie5 as part of a major cost-rth¢tion strategy. Juty." Rewesentation at the Great Yorkshire Show In July, the CEO attended the Great YoTkshire Show as a guesl of Revd Canon Leslie Morley. the show chaplain, vthere engagement wth the church tents prowded a plattorm for the charity to support and be esent in rural Chnstian COMnnibes. August." Planning for the Future August was primarily focused on planning and deveknping a strategy for the remainder ol the year and preparing for future initiaiives.
Do$n Enveknpè ID. 901O2D1A.808t8j74S90773Co3CEQ84 The Arthur Rank Centre C(Mnpany Lirnited by Guarantee Trustees, Annual Report (Incorporating the Directofs Report) Year ended 31 December 2023 September." Curate Training The charity delive curate training to the Diocese ol Northamptm. ¢ontritMrtiry to the fomiation and preparakn.on of new clergy to ser¥e ¥in Ihe diocese. October.. Rural Ministry and Media Engagement The charity's long sianding and well respected resident1 Rural Mission and Ministry Course was held once again. this time 23 participan15. The CEO attended a conference on faith group engagement th the media, held at Coventry Cathedral. These events were key in furthwing Ihe charity's outreach and engagement wth broader rural and media-lated issues. November. New Strategy Oevelopment A key a¢hievemenl in Novembervras the developmeni ola new strategic plan clarffied rt5 mission and goals moving fOrard and associated budget December.. Key Parfnership Meets'ngs December induded a meeting wth Rural Hope and other leaders trom prominent Tural Christian charities, dis¢u$sing collaborath.on and shared goals. cl College in Dertjyshire was evaluated for its Sultabilrty as a venue for the Gemiinate Leadership relaunch planned for 2024. Financial review ReseThTe$ Policy and Going Concern The policy is to maintain a reseThe whith represents sx months ol core expenditure equating lo £140k in general fund$. Al this le¥d it is felt th The ARC should be able to ¢ontinue rts CulnI a¢bV1tS in the event of a Sudden drop in income, although it would be necessary to consider howthe income woubd be repla¢ed or actiwbes thanged. This policy is reviewed by the Trustees annually. A new policy ha$ been proposed for 2024. vthich 7MII read as follows The Arthur Rank Centse hold finan(ial reserve$ on the foNovryng basi$.' A feserve to cover 6 months of all operating costs and redundancy costs to be Used in the eveni of needing to dose the charty in a controlled manner. The level of this reserve to be calculated and Set on 01 January eath year. An addib.onal reserve of al lea51 £500.000 as investment reserve to generate investment income for the operational requirements of the charity. Investment Pollcy The Trustees aim to invest to rnaximise long term return, recognising that this 7*f•uld entail shorter tem volatility. Trustees ftjrther agreed not to invest in.. * All ¢ompanies wlh any involvement in the produckn of landmines or Gluster bombs. Companies ¥th signffi¢an¢ involvement in tobx¢o. the produdion of pornography. and online gambling. Investments were reviewed by the Trustees duling the year.
DoDJsign Envelope ID.. 901Q2D1A4o8837.9S9773C0jcE[ The Arthur Rank Centre Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (coftknuedj Year ended 31 December 2023 Small company provisi<9 Thi5 rert h35 been prepared Ni a¢¢ordance V•ryth the PTOViStons applicableto compans entrfed to the small companies exemption. The Iru$lees' annual report a$ approved on 25b) September 2024 and signed on bthaK of the board of trustees by.. PIK Prof D Chw"r of Trustees troxn January 2024 and Direcior
Ery¥elo ID.. 90102DIA408NB37-959W73C03CEOB4 The Arthur Rank Centre Company Limited by Guarantee Independent ExamineVs Report to the Trustees of The Arthur Rank Cenlre Year ended 31 December 2023 I rewt to the trustees on my examination of the finanual statements of The Arthur Rank Centre Cthe charity,) for ihe year ended 31 0e¢ember 2023. Responsibilities and basis of report As the trustees of the G¢)mpany {and also its dxedors for the purposes of company law) you are responsible for the preparation of the finanual stalements in accordance with the reqviremenls of the Companies Act 2006 Ilhe 2006 Act?. Having satisfied myself that the accounts of the company are not qUired to be audf(ed under Part 16 of the 2006 Act and are eligible for independenl examinabon, I report in respect of my exarnination of the Charity's accounts as carried out under seth.on 145 of Ihe charib.es Act 2011 I'the 2011 Aet'l. In carying out my examination I have followed the Dire¢b"ons gwen by the Charity Commisshin under section 14515)Ib) of the 2011 ACL Independent examin•rfs stat•m•nt I have Completed my examinati. I confimi that no matters have ccrtne to my attentson in connection the examination giving me cause to beIve.. accounling recryds were not kept in respect of the charity as required by se¢tyon 386 of the 2006 Act,. OT the finaftcial stalemenls do nol a¢cord wth those records: c the financial statements do not compty %wih the accounting requirements of section 396 ofthe 2006 A¢t other than any requirement that Ihe accounts give a'true and fail Viewl¢h is not a matter conSered as part of an independent examination", the finantyal statements have nol been prepared in ac¢ordan¢e Tth the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to Char"eS preparing their accounts in accordance with the Financial Repc*ting Standard appli¢alJe In the UK and Repubhc of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection wth the examinatyon lo which attention should be drawn in thi5 reFQrt in order to enable a proper understanding of the aGGounts to be reached. allader FCCA For and On 8ehalf of David Cathvallader & Co Limrted Independent Examiner Suite 3 8ignell Park Bams Chesterton Nr 8ice51er Oxon OX26 1 TD l ac>a4
OooJsTran En%lope ID". 9010201kBO8LHB37.9590773C03CE The Arthur Rank Centre Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 Decernber 2023 2023 Restricted funds T¢Aal funds Total funds 2022 Unrestricted fvnds Income and endowments Donations and legaties Charitable actiwtie5 Other trading athrties Investment income 8.728 17.071 19.453 8,728 17,071 19,453 100 6.916 21,022 20,826 38 Total income 45.352 45.352 48,802 Expenditure Expendrture on rai$ing funds.. Costs of rwsing donati(Kh5 and lega¢ie$ Investmenl management costs Expenditure on charitable ath"vthes Totsl ¢xpenditure 246 6,520 186.879 246 6.520 190,307 787 7,225 242,473 10 11.12 3.428 193.645 3,428 197.073 250,485 Net gain51llo$ses1 M in¥e$tmenls 13 21,459 21,459 1137.8411 Net expenditure and net movement in funds {126.8341 {3.428) {130,2621 (339.5241 Reconciliation of funds Total funds brought forwaryl Total funds ¢arri¢d fonKrd 835.579 9.565 845,144 1.184,668 708,745 6.137 714,882 845,144 The statement of ffinancial activrtie5 indudes al gans and ID55es recognised in the year. All income and expendrt derive from ¢ontinying a¢tivits'es. The notes on pages 11 to 22 for¥n part of tl*se financialslatements.
DotAJ%Pn ETh10pe ID.. S010201A-B08tH837.959¥0773C03CE( The Arthur Rank Centre Company Limited by Guarantee Statement of Financial Position 31 December 2023 2023 2022 Fixed assets Tangible fixed assets Investments 1,862 831,514 19 697.901 697.901 833.376 Current assets Debtor5 Cash at bank and in hand 20 4,151 27.597 12.192 8.682 31.748 20.874 Creditors: Jm¢>unts falling due within one year Ilet curr•nt ass•ts 21 14.767 9.106 16,981 11,768 Total assets less current liabilities 714,882 845,144 Nèt assets 714,882 845, 144 Funds of the charity Restricted funds Unresliicted fvnd$ 6,137 708.745 9,565 835,579 845,144 Total Charity lund5 24 714,882 For the year ending 31 Oecember 2023 the chwity was entitleil to eXeMptn from audit un(ler seth'on 477 of the Companies Act 2006 relating to small companies. Directors. responsit4.1ilies.. The members have not required the company to Otsta an audrt of its finanrial 51atements for the yew in quest1 in accordance wth section 476." The direGtorn acknowledge theTrr responsibilities for comptying with Ihe requirement5 ofthe Actwth respect to accounting records and the preparation of financial 5tstements. These financial statements have been ppared in acrance the prowsions applicable to companies subject to the small companies. regime. The statement of financial position continues on the following page. The notes on pages 11 to 22 lorni part ol these finan¢i•l st•tements.
DooJsvJn Erwelow ID.. 9o1D2D1A.8oID4837S$fy0TI3cQ3CEOBl The Arthur Rank Centre Company Limited by Guarantee Statement of Financial Position (eonthtmdj 31 December 2023 These financial statements re approved by the board of Intstee5 and authorised for issue on 25th September 2024, and are signed on behalf of the board by". Prof David Pink Chaif of Trustee$ from JanLtary 2024 and Director The notrs on page$ 11 to 21 lomi Mrt of Ihese lInCIlI statements. 10
DooJsign En¥elope10.. 9010201A-8o8N837-95O773¢o3CE0Bl The Arthur Rank Centre Company Limited by Guarantee Notes to the Financial Statements Year ended 31 December 2023 General inforniation The ¢harily is a public benefft enttty and a private company limrted by guarantee, registered in England and Wales and a registered charity in England and Wales. The add55 of the registered office is The View. 9 8arford Exchange, IVellesboLwne Road. Barford. Wamck. CV35 8AQ. Statement of compliance These financial statements have been ppared in compliance wth FRS 102, The Financial Repo.ng Standard applicable in the UK and the Republ of IreLand', the Staternenl of Recommended Pradice apF4icable to charities preparing their accounts in accordan¢e th the Finan¢ial Repon9 Standard appliCat in the UK Republ of Ireland IFRS 1021 {Charities SORP IFRS 10211 and the Companies Act 2006. Ac¢gunting poll¢i¢$ Basis of preparnti¢)n The financial statement5 have been prepared on ihe historical cost basis, as modified by the revaluation of certain finanoal assets and liabilrties and investmenl woperties meastjred al fair value through in¢ome or expelrture. The financial statements are wepared in sterh"ng. 74hi¢h is the funcbonal currency of the enb"ty. Going concern Tre are no material uncenaÈnkn"es about the dnty'S abilty to continue. Judgements and key sources of •stimation uncertainty In the application of the chaiity's a¢¢ounbng Oicies, the Tr(tstees are required to fflake judgements, estimates and assumptions about the carrying amounts of assets and liabltieS that are not readily apparent from other sources. The e5tsmales ant1 a55¢xiated a5sumpbons are based on histofical experience and othef factors that are con&dered to be relevant. Actual resutt5 rnay differ Irom these estimates. The estimates and undedying as$umpts"ons a reviewd on an on90ing basis. Revisions lo accounting estimates a recognised in the penod in %thiGh the estimale is revised rf the revision affec15 Only that perio(1, or In the period of the rew5ion and luture perioJ5 if the revi$iL)n affeds both cuent and future periods. The Trustees do not cansiderthere are any critical judgements or $OLrtes ofests"malKn un¢ertainty quiring disclosure beyond the atcountsng poliaes listed above. Income tax ARC is a registered ¢han'ty and is not subject to taxation on its incryne so I9 as this is used for its charitable activities. 11
DorJJsiyn Enope fD. g)1o2D1k80804B3745g773Co3¢E The Arthur Rank Centre Company Limited by Guarantee Notes to the Flnancial Statements (wit440 Year ended 31 December 2023 Accounting policies (contrnuedl Fund accounting Unreslncted funds are avwlable for use at the discretion of the trustees to further any of the chanty's purposes. Designated funds are unrestriLled funds eannarked by the trustees for particular fijture project or ¢ommitment. Restncted fund5 are sut4ected lo re51ricty.ons on their expenditure dedared by the donor or through the temis of an appeal, an(J fall into one of i*L) Su11355eS. restn.cted income fvnds or endovhnent nds. Incoming rnsour¢os All in¢oming resour¢e$ are induded in the statement of firtrancial ach"tr"e5 when entrtlemenl has passed to the charity,. it is probable that the economic benefrts associated with the transaction will flow to the charty and the amount can be 118bfy measured. The following speufic polirie5 a applied to particular categories of income.. income frorn donations or grants is recogni5ed there is evidence of entiuemenl k) the gift. CeIpt is probable and ts amount can be measured reliabfy. legacy income 15 recognised vn receipt is probable and entiuement is estabbshed. income from dcffiated goods is meagjred at the fair value of the goods unless this is Imwactical to measuo reliably. in vthich case the value is derived from the cost to ihe donor orthe estimated resale value. Donated facililie5 and services are recognised in the a¢¢ounts when received rf the value can be reliabty measured. No amounts are induded for the conlnbulion of general volunteer5. income from contracts for the supply of servi¢e$ is cognised the delivery of the contracted service. This is rlassified as unrestricted funds Unless there 15 a contractual requirement for rt to be spent on a partscular purp05e and returned rf unspent. in case rt may be regarded as restricted. 12
DoDJs$n En¥tk)pe ID." 90102D1A-BQW)4B37.959M773C03CE004 The Arthur Rank Centre Company Limited by Guarantee Notes to the Financial Statements Year ended 31 December 2023 Accounting policies {¢oftNnw¢¢) Resources expended Expenditure is recognised on an ary¥l5 basis as a lialy.lty is inCud. Expenditure includes any VAT which cannot be lully recovered. and is classified under headings of the slatement of financial activities lo which it relates". expendrture on rai5in9 fund5 indudes the costs of fvndrai5ing acb"vrtie5, events. non- charitable trading actiwties. and the sak of donated goods. expendrture on charitable acIN"eS indudes all costs incurred by a charity in undertaking aGb"vi(ies Ihal fvrther rt5 thanlable aim5 for the benefft of ifs beneficrIeS, Induding those support costs and costs relating to the 9oveman¢e of the apporb'oned to charitable acb"vthes. other expenditure includes am expenditu that is neithere lo raising fvnd$ forthe ¢harty nor part of Its expenditure on charitable actiwiies. All ¢o$ts a allxated to expenditure ¢ategories refiecty.ny the use of the resource. Dire¢1 costs attributable to a single activity are allocated directty to that activity. Shared costs are appoth'oned belween the actiwties they contrthle lo on a reasonable. justifiable and consistent basis. Op•rnting leases Lease payments are recogni5ed as an expense over the lease term on a 5trabght-line basis. The aggregate benefit of lease in¢errtives is recognise(l a5 a reduction to expense over the lease term, on a straight4ine bas. Tangibl¢ a$s•ts Tangible assets are inrtially recorded at cost, and $ubsequenty stated at cost less any accumulated depreciation and impaimEnt10s5es. Any tsn9ible assets carried at revalued amounts are recorded at the fair value at the date of re¥alLTrab'on less any svbseqvent accvmulated dewe¢iation and subsequent accumulated impairment losses. An In¢rease in the ¢arrying amount of an asset as a result of a revaluation, is recognised ln other recognised gains and losses, nsS It reverses a charge lor impaiment that has previously been recognised as expenditure 1n the slaternent of finanual athwties. A decrease in the carying amount of an asset as a iesutt of revaluathon. Is COgnised in other recognised gains and losses, except to which it offsets any PVIOuS revaluabon gain. in which case the loss is shthvn within other recognised gnS and losses on the statement of finanual actt¥ibes. Depre¢iatk*b Depreciation is calculated so as to wyite off the Gost or Vaatr" of an asset, less its regdual Yalue. over the useful economic lrfe of that asset as followa.. Equipment 33% straight line 13
Doojsiyn EnYElopt ID.. WI01808D48J7-9S9v0ll3co3cF The Arthur Rank Centre Company Limited by Guarantee Notes to the Financial Statements (cont•MW Year ended 31 December 2023 Accounting policies (tontinue Investments Unlisted equrty investments are inrt1ty recorded at C05t. and subsequently measured at fair vahje. If fair value ¢annot be reliabty measured. assets are measured at cost less impalmnI. Listed investrnents are measured at fair yue wth changes in tsir value beiNJ fecognised in income or expenditu Defined contribution plans C0ntritr*JtnS to defined contributson plans are recogni5ed a5 an expense in the penod #i which the related seryice is PrOe. Prepaid contn"bulion$ are re¢ognised as an asset lo the extent that the prepayment wll lead to a reduction in future payments or a cash refvnd. When ¢Mtn"bub"ons are not expected to be setued whoNy ¥thI. 12 months of the end of the reporting date in which the employees render the related 5eNi¢e, the liability is measured on a dbscounted presenl value basi5. The unwnding of the dis¢ount is recognised as an expense in the period in which it arises. Llrnltèd by warnntÈt The Arthur Rank Centre fARC'I is a crynpwry limrted by guarantee aThl a registered charity governed by its memcKandum and articles of assouatson dated 27 August 2010. In the event of the organisation being wound up each trustee agrees to cOntribe £10 towards the costs of dissolution. The company is also registered Vlith the Charity Commission for Englar & Wales. Charity number 1104300. Company number 04917066. Donations and legaci•s The National Rural Offi¢ers of the Chur¢h of England and the Meihodist Church and United Refomied Church, wth support staff, have been based at the Centre for some years. These donated service5 have rt been induded wrthin the Stslement of Financial Activities as erther inrne or expenditure. un$tted Funds Restited Tolal Fund$ Fund5 2023 Donations Laing Trust Other donations and legacies Other donations and kga¢ie$ < £1.000 8,728 8.728 8.728 8.728 14
DoJ$]n Enveknpe ID". 90102D1AW8D4837-95W0773C03CEOB4 The Arthur Rank Centre Cornpany Limited by Guarantee Notes to the Financial Statements Iconthuq Year ended 31 December 2023 Donations and lega¢les f¢¢n¢thu•aJ Unreslncted Funds Restricted Total Funds Funds 2022 Irpstrtedj Donations Laing Trusl 5.000 5.000 Other donations and legacies Other donats.ons and 9ae$ < £1,000 1,781 135 1.916 6.781 135 6,916 Chaiitsble activitie5 unStn"Cted Fund5 Restricted Total Funds Funds 2023 Church life and mission Conferen¢es & coursès Country Way and other subscripb'on$ 121 12.139 4.811 121 12.139 4,811 17.071 17,071 Unrestricted Funds Reslricted Total Funds Funds 2022 Church lrfe and mission Conferences & courses Country Way and other subscwipb.ons 1,105 8,694 10.723 1,105 8,694 11.223 500 20.522 500 21.022 Oth•r trnding activities unrestn.thd Totsl Funds urStriCted Total Funds Funds 2023 Funds 2022 (restatsdj In¥e5tmenl tncome Rental income 19.453 19.453 19,855 971 19,855 971 19.453 19.453 20,826 20.826 15
OooJ9* Etmlope D.. WJ102D1A408D4B37-959M773C03CEOB4 The Arthur Rank Centre Company Limited by Guarantee Notes to the Financial Staternents {¢ofttht Year Ènded 31 December 2023 Investment in¢¢)m• unre5tn.cted Totsl Funds Unrestricted Total Fund5 Funds 2023 Fund5 2022 (rest•t¢dJ Other Ie$t receivable 100 100 38 Costs of raising donations and legacies Unresthcted Totsl Funds Unrestrtcted Totsl Funds Funds 2023 Funds 2022 Irest•tedJ Fundraising 246 246 787 787 10. Investment management costs UnrestrKted Total Funds unre5tn.cted Total Funds Funds 2023 Funds 2022 Investment management costs 6.520 6,520 7,225 7.225 11. Expendilur• on charitable activities by fund ty unrestn.cted Funds Restricted Total Funds Funds 2Q23 Charitable activities Support costs 167.433 19.446 3,428 170,861 19,446 186.879 3,428 190,307 Unstricted FurHJs Restri¢ted Total Funds Funds 2022 Charitable aGtiwties Support ¢o$ts 219.755 19,430 3,288 223.043 19,430 239,185 3,288 242.473 16
Do¢)Jsign Enveknpe ID." 901020•O8s37-95944)7T3c03CEoO• The Arthur Rank Centre Company Limited by Guarantee Notes to the Financial Statements (conknued) Year ended 31 December 2023 12. Expenditurn on ¢haritsbl¢ •dl¥itl¢s by a¢tivity typ¢ Actryities undertaken directty Support Total funds 2023 Total fvnd 2022 Charrtable acliwb"e5 Govemance sts 170.861 170,861 19,446 223,043 19,430 19,446 170.861 19.446 190,307 242,473 13. Net gainslllosses) on •Dvestm*nts Unrestn'cted Total Funds Unre5trcted Total Funds Funds 2023 Funds 2022 Gan$lOosses) oft lisle(r investments 21.459 21.459 (137.8411 1137.8411 14. Net exp•ndltu Nel expenditure 15 Staled after tharg1ngl1Gred"ngI". 2023 2022 Depreciation of tantyble fixed assets 2.028 4.875 15. Indepwdent examination fees 2023 2022 Ireslatedj Fees payable to the independent examiner for. Independent examtrnation of the financial statements 2,350 1.560 16. St4ff costs The total staff costs and employee benefts for the repoitin9 peiiod are analysed as follows.. 2023 2022 Wages and salaries Social security costs Employer contributions to pension plans Other emoyee benefits 75.162 2.340 3.522 8,294 114.262 5.062 7.435 89,318 126,759 17
DooJ*n Envdope ID.. 90102D1A.BO8fH837459¥0773C03CEOB4 The Arthur Rank Centre Company Limited by Guarantee Notes to the Financial Statements (¢•nthMr¢ Year ended 31 December 2023 16. SLiff costs f¢ondftu•dl The average head count of employees during the year was 2 {2022'. 51. The average number of fvll-lime equivalent employees during the year is analysed a5 follow5. 2023 No. 2022 No. Nurnber of slaft No employee received eThyloyee benefits of more than £60.000 during the year12022". Nill. 17. Trustee remuneration and •xpens•s Mo remuneration was paid lo Trustees for their servirE5 18. Tangible fixed assets Equipment Cost At 1 January 2023 (as restated) Disposals At 31 tlecember 2023 49,109 1258 48,851 Oepreciation Al 1 January 2023 Charge for the year Disposals Al 31 D•c•mb•r 2023 47,247 2.028 {424} 48,851 Carying amount At 31 December 2023 Al 31 December 2022 1,862
Dow5•Jn En%%lope ID. 90102DIA-Bo8fH83745W773COJCEOB4 The Arthur Rank Centre Company Limited by Guarantee Notes to the Financial Statements (¢ont Year ended 31 December 2023 19. Inv•stm8nts Other Investments Cost or ¥alu4tlon At 1 January 2023 Additions Disp05als Fair value movements 831,514 8.885 (163,6491 21,351 At 31 Oec•mb•r 2023 697,901 Impaimiert At l January 2023 and 31 December 2023 Carrying amount At 31 December 2023 697.901 At 31 Decernber 2022 831.514 AJI investments shown above a heh1 al valuan. 20. Deblors 2023 2022 fYes&ted) Trade debtors Prepayments and accrued Ir0 Other debtOTS 338 1.513 2,300 130 11,034 1.028 4.151 12,192 21. Creditors: •m¢)unts falling due *Ythan ont year 2023 2022 Trade creditors Accruals and deferred income Soaal security and other taxes Other creditors 5,200 8,124 1,143 300 1,997 4,958 2.002 149 14,767 9,106 22. Deferred income 2023 2022 At 1 January 2023 1,652 19
DoWSn Enbk)pe ID". 901tr2D1MOB04B37.95YHJ773C03CE(64 The Arthur Rank Centre Company Limited by Guarantee Notes to the Financial Statements (conl*d) Year ended 31 December 2023 23. P¢n$ioDs and other post velirement beneffts Defined contribution plans The amount reGognised In in¢ome or expenditure as an expense in relat to defined contriblrtion plan5 was £3,52212022.' £7,435)- 24. Analysis of charitable funds Unrestrlcled funds At 1 January 20 23 At Gains and 31 Decembe losses r 2023 Income Expendrture General funds Geminate Leadersh"p Rural Isolabon Food Project Rural Mini$lnes Course 828,197 2.270 42.669 {192,761) 1550) 21.459 699,564 1.720 5.112 1334) 4,778 2,683 2.683 835.579 45.352 {193.6451 21.459 708,745 At Gains and 31 Oecernber losses 2022 1 January 20 22 Income Expenditure General funds Germinate Leadership Rural Isolation Food Project Rural Ministrie5 Course 1.151.324 2.510 8.524 6.836 3.256 48,167 {233.4531 1137,8411 1240) 18.5241 11.7241 {3.2561 (247,1971 1137,8411 828.197 2,270 5.112 1.172.450 48.167 835,579 20
en1 ID.. 9010201K80804B37.959¥0773CO3CE The Arthur Rank Centre Company Limlted by Guarantee Notes to the Financial Statements 1¢ty7tsiw Year ended 31 December 2023 24. Analysis ol charitable lund5 (¢MIthu Restricted funds At Gains and 31 D•c•mbe k)$5es r 2023 1 JaNary 20 23 Income Expenditu Jerusalem Trust Local Collaborative Ministry Churches Rwal Group Agriculiural Chaplaincy Websrte 3.197 3.197 557 5.811 557 2.383 13.4281 9.565 13.4281 6.137 1 Jawary 20 22 Ga'ns and 31 De¢ember ses 2022 Incorne Expenditure Jeru$alem Trust Lo¢al Collalx)rative Ministry Churches Rural Group Agncultural ChaplainGy Websrte 3,197 3.197 557 5,811 1,358 1.295 557 5,811 635 (1.9931 11,2951 13.2881 12,218 635 9.565 25. Analysis of net •$s•ts l)etw¢en lund$ Unrestncted Fun¢J$ Restricted Total Fund5 Funds 2023 Tangle fixed assets Inve5tmenis Current assets CdItorS less than 1 ye Not assets 697.901 25.611 114,767) 708.745 697,901 31,748 114,7671 714,882 6.137 6.137 Unrestricted Funds Restricted Total Funds Funds 2022 Tangible fixed assets Investments Current assets cditOrS less than 1 yew Net assets 1,862 831,514 11,309 {9.11) 1.862 831.514 20,874 19.106} 9,565 835,579 9,565 845.144 21
DorJJsign Envdcw10." 9010201A-BOW7-95W0773C03CEOB4 The Arthur Rank Centre Company Limited by Guarantee Notes to the Financial Slatements {¢ortM Year ended 31 December 2023 26. Prl¢ryear adjustments During the year under review the Chanty identified that income previou5ty treated as deferred Should have been categonsed as designated funds. This has resulted in the inuease in unreslncted funds of £21,126 at 31 Decernber 2021. The unrestr.cted reserves previously stated was £1,151.324. The revised balance is £1.172.4S0_ Subsequent movements in these frjnds in 2022 have re5utted in the pwously ststed unre$tn"cted reserves al 31 December 2022 of £828.196 being restated to £835.579. 27. Opernting lease cofflmitments The total bjture minimum lease payments under non-cancellable operating lease5 are as follows.. 2023 2022 I511tdj Not later than 1 ye Later than 1 year and not later than 5 years 20,000 27.500 47,$00 22